Hi guys
I need help to create an indicator that says when it´s time to enter a trade. Exit will be handled manually. I want the indicator to
say go LONG, when close >EMA11, EMA11 > EMA22, EMA22 > EMA35 AND MACD[12,26,4](close) < MACDline[12,26,4](close).
And go SHORT when close < EMA11, EMA11 < EMA22, EMA22 < EMA35 AND MACD[12,26,4](close) > MACDline[12,26,4](close).
Thanks in advance
// Conditions to enter long positions
indicator1 = ExponentialAverage[11](close)
c1 = (close > indicator1)
indicator2 = ExponentialAverage[11](close)
indicator3 = ExponentialAverage[22](close)
c2 = (indicator2 > indicator3)
indicator4 = ExponentialAverage[22](close)
indicator5 = ExponentialAverage[35](close)
c3 = (indicator4 > indicator5)
indicator6 = MACD[12,26,4](close)
indicator7 = MACDline[12,26,4](close)
c4 = (indicator6 < indicator7)
IF c1 AND c2 AND c3 AND c4 THEN
BUY 1 CONTRACT AT MARKET
ENDIF
// Conditions to enter short positions
indicator8 = ExponentialAverage[11](close)
c5 = (close < indicator8)
indicator9 = ExponentialAverage[11](close)
indicator10 = ExponentialAverage[22](close)
c6 = (indicator9 < indicator10)
indicator11 = ExponentialAverage[22](close)
indicator12 = ExponentialAverage[35](close)
c7 = (indicator11 < indicator12)
indicator13 = MACD[12,26,4](close)
indicator14 = MACDline[12,26,4](close)
c8 = (indicator13 > indicator14)
IF c5 AND c6 AND c7 AND c8 THEN
SELLSHORT 1 CONTRACT AT MARKET
ENDIF
I can’t recall ever doing an Indicator before, but below will give you a ‘1’ when Buy Conditions are met … see attached.
You can then set an Alert that will email you so you can then Buy manually??
indicator1 = ExponentialAverage[11](close)
c1 = (close > indicator1)
indicator2 = ExponentialAverage[11](close)
indicator3 = ExponentialAverage[22](close)
c2 = (indicator2 > indicator3)
indicator4 = ExponentialAverage[22](close)
indicator5 = ExponentialAverage[35](close)
c3 = (indicator4 > indicator5)
indicator6 = MACD[12,26,4](close)
indicator7 = MACDline[12,26,4](close)
c4 = (indicator6 < indicator7)
MyBuy = c1 AND c2 AND c3 AND c4
Return MyBuy
indicator that says when it´s time to enter a trade
Or are you wanting the Indicator to speak to you (say Go LONG)?
You can do this by recording a .wav file and using this .wav as the Alert instead of the inbuilt PRT voices / alerts.
Thank you GraHal. This is just what i needed.
I have one other question. Is it possible to enter a trade in real time. I mean, f.ex. when two lines are crossing, the trade should enter in exactly that moment. Not waiting for the candle to close.
If it´s possible, how do I define this in the code?
If you mean on the PRT Alerts … then you would tick the box – ‘Current Candle’
If you mean on Auto-System … then you would need execute trades on a Low TF – 5 secs or 15 secs maybe having had the conditions running on whatever TF you choose – 1 hour, 4 hours etc.
MTF however is not available in Live running yet, or it may be if you ask IG to switch MTF on for you!?
